Canaccord lowered the firm’s price target on EverQuote (EVER) to $28 from $33 and keeps a Buy rating on the shares. The firm said EverQuote reported strong Q4 results, with both revenue and profitability solidly ahead of expectations and guidance. Key carriers leaned further into customer acquisition spend during the quarter amid continued healthy combined ratios, with EverQuote’s top four carriers by spend remaining the same in Q4 versus Q3, and the 12% sequential increase in revenue was a Q4 record.
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